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Feb 14, 2013
02/13
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FBC
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they are sending it to the eu. they sent it late yesterday. eleven countries are moving to the tobin tax. it is a 0.1% tax that would hit your 401(k)s. it is a blistering letter. you have to stop this tobin packs and it tracks. it will increase trading costs. it will diminish liquidity. it is a job killer. they also say they did not want a similar type of tax because it will kill jobs. the eu right now is in depression. it is in serious need of revenue. it will violate international treaties. they are worried about treaty protection. also, the big and run that is being talked about at the eu is that traders that assess this tax and do the trades outside that zone, those companies will not be allowed to do any trade transactions with those 11 countries whatsoever. this is serious breaking news for investors all over the world. connell: this would hit regular investors. liz: yes, if they have international investors. this would be collected from investors around the world. it is basically an overreach. that is what they are upset about. they are
they are sending it to the eu. they sent it late yesterday. eleven countries are moving to the tobin tax. it is a 0.1% tax that would hit your 401(k)s. it is a blistering letter. you have to stop this tobin packs and it tracks. it will increase trading costs. it will diminish liquidity. it is a job killer. they also say they did not want a similar type of tax because it will kill jobs. the eu right now is in depression. it is in serious need of revenue. it will violate international treaties....
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83
Feb 8, 2013
02/13
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KQED
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the fight over how much the eu spins and on what continues -- the fight over how much the eu spends and done what continues. >> a shocking discovery ford u.k. consumers. a brand of ready-made lasagna contained horse meat rather than beef. the manufacturers withdrew it on monday but say they do not believe there is not a -- they do not believe there is a safety problem. the eating of horse meat is quite a taboo. a member of the u.s. commerce community faces a long prison sentence for his role in a series of attacks in which victims hair and beards were forcibly cut off -- a member of the u.s. amish community. he and 15 members of his breakaway group were found guilty of five hate crimes in the american state of ohio. heavy snowfall started in the northeast of the united states. it is the beginning of what is predicted to be a massive, even historic, a blizzard. people have been stocking up on food and other supplies ahead of the storm, which is poised to dump up to a meter of snow from new york city to boston and beyond. the parents of a teenage girl shot dead days after appearing at pre
the fight over how much the eu spins and on what continues -- the fight over how much the eu spends and done what continues. >> a shocking discovery ford u.k. consumers. a brand of ready-made lasagna contained horse meat rather than beef. the manufacturers withdrew it on monday but say they do not believe there is not a -- they do not believe there is a safety problem. the eating of horse meat is quite a taboo. a member of the u.s. commerce community faces a long prison sentence for his...
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144
Feb 5, 2013
02/13
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CNBC
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we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and the rest of the week is frankly whether that's a bump in the road or the start of a down trend. >> you have the front cover, these are all good contra indicators. >> sorry, media friends. but this is not exactly the best of -- >> we always have timing. on today's show, we're in zurich where we hear from the ceo of ubs about the group's outlook. the swiss bank won to a loss in the fourth quarter. >> and is we'll head out to california for a look at the next offer. it's due to be released later today. we'll be live in madrid as the spanish prime minister's party pledges to fight corruption allegations that have prompted calls for his resition naz. >> and for its to earn its annual forecast on a weaker yen, we have i
we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and the rest of the week is frankly whether that's a bump in the road or the start of a down trend. >> you have the front cover, these are all good...
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162
Feb 23, 2013
02/13
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KCSM
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eye 162
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like the eu as a whole, it is not expected to see growth above 1% until 2014. >> despite all the bad news from the eurozone, german businesses think the future is looking up. the business confidence index has gone up again in february. >> it is the fourth month in a row that the index has risen. it is at its highest level in nearly a year. and to service thousands of german companies about the prospects every month. >> german carmaker volkswagen made record-breaking profits but still sees a bumpy road ahead. they took in almost 32 billion euros last year, more than ever before. >> revenues from vw subsidiary portion did particularly well, but the ceo said that the company expected a tough year in 2013, especially because of instability in southern and western europe. >> onto friday's market action now, and german blue chips rebounded on the final trading day of the week. the surprisingly strong ifo index prompted many traders to jump back into the market. our correspondence sent us this summary. >> good is often not good enough. vw presented stellar results and a the highest profits
like the eu as a whole, it is not expected to see growth above 1% until 2014. >> despite all the bad news from the eurozone, german businesses think the future is looking up. the business confidence index has gone up again in february. >> it is the fourth month in a row that the index has risen. it is at its highest level in nearly a year. and to service thousands of german companies about the prospects every month. >> german carmaker volkswagen made record-breaking profits...
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245
Feb 8, 2013
02/13
by
KICU
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eye 245
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with the eu summit happening, is the risk back on? > > you know, the market itself, in levels, is really in consolidation. the euro currency had a big sell-off yesterday, and everybody wants to blame it on what the new policy is. how since the euro currency was up 9%, that it was entitled to a .75% sell-off. i think you want to be looking to short the euro and short europe. that is where i would be looking to trade. > todd, good to have you on the show this morning. we have more on europe coming up in the show. > > have a great day. it may be called the chicago auto show, but this year it's become "year of the truck." as our cover story explains, the reason is the rebound that's beginning to happen in the housing market. ram trucks highlighted its eight-speed and 25 miles per gallon on the highway pickup, as well as its truck-based new entry into the commercial van market. why so many brawny vehicles? "the housing market is getting better and sales are directly tied to housing starts." "if housing goes up, the construction guys will n
with the eu summit happening, is the risk back on? > > you know, the market itself, in levels, is really in consolidation. the euro currency had a big sell-off yesterday, and everybody wants to blame it on what the new policy is. how since the euro currency was up 9%, that it was entitled to a .75% sell-off. i think you want to be looking to short the euro and short europe. that is where i would be looking to trade. > todd, good to have you on the show this morning. we have more on...
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Feb 8, 2013
02/13
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CNBC
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the eu budgets, 1% more, 1% less. i think what does matter is that they take home a victory from brussels saying we have austerity here. it gets them a few points in the uk prep. but beyond that, i'm not quite sure how much impact it will have on the european economy. >> okay. stay there. julia is ready, as well. julia, is this a victory for the british prime minister? >> well, it's interesting, isn't it? if we get an eu budget of 960 billion euros, then yes, it's a long-term cut. arguably, we can walk away and say we got what we asked for. the question is what happens with the eu contributions? do we still walk away with our rebates, too? we are starting to see information filtering through now. the italians on a growth income national basis, they're the highest contributors. they're probably happy with the latest contribution. the dutch are set to lose a third of their rebate. so the question is, in this tit for tat world that we have here in brussels, what would appease them? they have been arguing for cuts to the
the eu budgets, 1% more, 1% less. i think what does matter is that they take home a victory from brussels saying we have austerity here. it gets them a few points in the uk prep. but beyond that, i'm not quite sure how much impact it will have on the european economy. >> okay. stay there. julia is ready, as well. julia, is this a victory for the british prime minister? >> well, it's interesting, isn't it? if we get an eu budget of 960 billion euros, then yes, it's a long-term cut....
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103
Feb 18, 2013
02/13
by
LINKTV
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eye 103
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the eu has failed to introduced before reaching labeling laws for ready meals. that's no do to change. the origin of food products much more clearly identified. >> most of all, we want to work together to resolve these cases as quickly as possible. >> they want a meet screening program that goes beyond the eu guidelines. they also want an early-warning system looking out for supply chain irregularities. the sanctions are clearly not enough of a deterrent. >> we want this to be made as unattractive as possible which requires appropriate sanctions and the targeting unjust profits. >> that means the authorities will be able to completely confiscate all profits made through mislabeling. >> and other foods scandal and some argue the food industry is credit -- struggling to remain profitable in an increase in competitive world. >> they try to outbid each other, but as we see this comes at a price and it can be quality. >> and this is because of tight restrictions already in place and it's not the first time it's happened either. >> it was 1996 that a link was confirme
the eu has failed to introduced before reaching labeling laws for ready meals. that's no do to change. the origin of food products much more clearly identified. >> most of all, we want to work together to resolve these cases as quickly as possible. >> they want a meet screening program that goes beyond the eu guidelines. they also want an early-warning system looking out for supply chain irregularities. the sanctions are clearly not enough of a deterrent. >> we want this to be...
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87
Feb 18, 2013
02/13
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KCSMMHZ
tv
eye 87
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the eu has failed to introduced before reaching labeling laws for ready meals. that's no do to change. the origin of food products much more clearly identified. >> most of all, we want to work together to resolve these cases as quickly as possible. >> they want a meet screening program that goes beyond the eu guidelines. they also want an early-warning system looking out for supply chain irregularities. the sanctions are clearly not enough of a deterrent. >> we want this to be made as unattractive as possible which requires appropriate sanctions and the targeting unjust profits. >> that means the authorities will be able to completely confiscate all profits made through mislabeling. >> and other foods scandal and some argue the food industry is credit -- struggling to remain profitable in an increase in competitive world. >> they try to outbid each other, but as we see this comes at a price and it can be quality. >> and this is because of tight restrictions already in place and it's not the first time it's happened either. >> it was 1996 that a link was confirme
the eu has failed to introduced before reaching labeling laws for ready meals. that's no do to change. the origin of food products much more clearly identified. >> most of all, we want to work together to resolve these cases as quickly as possible. >> they want a meet screening program that goes beyond the eu guidelines. they also want an early-warning system looking out for supply chain irregularities. the sanctions are clearly not enough of a deterrent. >> we want this to be...
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60
Feb 19, 2013
02/13
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KCSMMHZ
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eye 60
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german soldiers will work together with units from other eu countries. >> the army needs to be trained from scratch so they can take over security themselves. we hope this is feasible, but it is a difficult and long-term challenge. >> the german parliament is expected to approve the changes to the mandates for the german forces. both will expire in one year's time. despite this, though, berlin knows its troops could be in for the long haul. >> germany's constitutional court has eased restrictions on same-sex couples adopting children. the justices ruled that one member of a civil partnership should be able to adopt their partners stepchild or adopted child. >> as the case with heterosexual married couples as well. until now, they could only adopt a partner's biological child. >> this is the steinbeck family. kim was adopted. miles is vera's biological child. that allowed him to be adopted, but not his sister. now judges said that discrepancy violates the constitution. >> the fact that the civil partner is a homosexual is no reason for different rulings on adoption. couples in a long-te
german soldiers will work together with units from other eu countries. >> the army needs to be trained from scratch so they can take over security themselves. we hope this is feasible, but it is a difficult and long-term challenge. >> the german parliament is expected to approve the changes to the mandates for the german forces. both will expire in one year's time. despite this, though, berlin knows its troops could be in for the long haul. >> germany's constitutional court...
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Feb 4, 2013
02/13
by
CNBC
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you say you're cautious on some of the bulge names in part because of the eu risk is higher in those. how serious do you take a day like today on that front? >> well, our biggest concern really is the continued unstable nature of greece. i think spain and italy will be fine as long as greece doesn't create a chain reaction, which i think it will. and i'm still very concerned about what is going on there. but as you guys pointed out, you know, you came into early 10, early 11, early 12 and felt good, trends were good and the eu kind of put the kibosh on ceo confidence and capital markets activity. i'm concerned about that. >> you seem less worried. >> we're more worried about the u.s. economy. i think what we're seeing now in the marketplace makes sense. we had the megabanks lead the rally late last year. we recently have switched to the regional banks outperforming the megabanks and now we're getting that normal consolidation period which is to be expected. look at the ten-year treasury yield, that's what we say. if above ten for first quarter -- above 2% for first quarter, then earni
you say you're cautious on some of the bulge names in part because of the eu risk is higher in those. how serious do you take a day like today on that front? >> well, our biggest concern really is the continued unstable nature of greece. i think spain and italy will be fine as long as greece doesn't create a chain reaction, which i think it will. and i'm still very concerned about what is going on there. but as you guys pointed out, you know, you came into early 10, early 11, early 12 and...
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Feb 8, 2013
02/13
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KCSMMHZ
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." >> here's what's coming up on the show -- after grueling marathon negotiations, the eu agrees on a budget bill that for the first time sees a cut in spending. >> street battles in tunisia following the funeral of the slain opposition leader chokri belaid. >> millions are in asia heading home to celebrate the year of the snake. for the first time in the history of the european union, the long-term budget will be cut. 27 eu leaders meeting in brussels have agreed to a final budget during a second summit arranged especially to do so. we will go live to brussels for the latest in just a moment. >> that's right -- the drastically reduced seven-year budget is worth 959 billion euros and was hammered out after two days of nearly round-the- clock negotiations and is far less than the just over $1 trillion euros -- and the one trillion euros the commission had originally proposed. >> german chancellor angela merkel went into the talks saying she was confident the agreement would be reached. in the end, the 27 member states came up with a compromise that even british prime minister david cam
." >> here's what's coming up on the show -- after grueling marathon negotiations, the eu agrees on a budget bill that for the first time sees a cut in spending. >> street battles in tunisia following the funeral of the slain opposition leader chokri belaid. >> millions are in asia heading home to celebrate the year of the snake. for the first time in the history of the european union, the long-term budget will be cut. 27 eu leaders meeting in brussels have agreed to a...
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60
Feb 25, 2013
02/13
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KCSMMHZ
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eye 60
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its economic growth has been dwarfing the eu's recently. >> who needs who more? >> they have become an important trading partner and that is increasingly clear on the streets of istanbul. >> the name may be hard to pronounce, but that does not stop them at this german shoe store from snapping up the products. turkey is a lucrative market for german retailers. they have 80 stores across the market. the manager who grew up in germany says he is not surprised. turkey has a lot to offer. >> we have political and economic stability and a young population. the average age here is 28. people like to shop and they're very fashion-conscious. >> from coffee to electronics, the big german retailers are now in shopping malls, yet when it comes to their bid to join the european union, germany remains reluctant. they doubt they will ever become members. >> the eu was going through a crisis which will make it even harder for turkey to get membership. are not very helpful. >> it is not turkey that needs europe. europe needs turkey. they should accept us as members. >> survey sho
its economic growth has been dwarfing the eu's recently. >> who needs who more? >> they have become an important trading partner and that is increasingly clear on the streets of istanbul. >> the name may be hard to pronounce, but that does not stop them at this german shoe store from snapping up the products. turkey is a lucrative market for german retailers. they have 80 stores across the market. the manager who grew up in germany says he is not surprised. turkey has a lot to...
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Feb 1, 2013
02/13
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KCSMMHZ
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greece has the highest level of unemployment in the eu. the latest employment numbers for greece are from october. at that time, nearly 27% of greeks were unemployed. spanish employment levels are not much better. austria, germany, and luxembourg have the best employment numbers, but that's not enough to change a europe-wide trend. eurozone unemployment has been on the rise for the last five years. at the beginning of 2008, the jobless rate stood at 7.2%. today, 11.7% of eurozone residents looking for a job cannot find one. youth unemployment figures are especially worrisome. nearly one in four young people under the age of 25 cannot have a job. youth unemployment in spain tops 55%. >> german lawmakers began debating friday a controversial ban on the far-right party. the previous attempts to outlaw it failed in 2003. >> this new drive to ban the party came after revelations that a neo-nazi group linked to the npd carried out a decade- long string of racially motivated murders. >> a former high-ranking member of the far right npd is thought
greece has the highest level of unemployment in the eu. the latest employment numbers for greece are from october. at that time, nearly 27% of greeks were unemployed. spanish employment levels are not much better. austria, germany, and luxembourg have the best employment numbers, but that's not enough to change a europe-wide trend. eurozone unemployment has been on the rise for the last five years. at the beginning of 2008, the jobless rate stood at 7.2%. today, 11.7% of eurozone residents...
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158
Feb 26, 2013
02/13
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KCSM
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eye 158
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as country in the eu, the german role is very important here. why not 2023, for example, the 100's anniversary of the turkish republic. >> the turkish economy remains robust and is forecasted to grow by 3% this year. the more they prosper, the more they're beginning to fear that perhaps they do not need europe after all. even without the membership, more than 4000 german companies are involved in turkey. germany is their largest trading partner by far. berlin's restrictive visa policies are a hassle. >> first of all, we need an official invitation before we can come. then we need to prove salary, but the flight tickets. it's very time-consuming. a reform of the business visa is long overdue. >> business may be booming but complete harmony is still a distant dream. >> coming up after the break, a closer look a conflict in syria. >> and who does not love the oscars? the european angle is next. >> the syrian government say they are ready to hold talks with armed opposition groups.pte announcement in moscow ahead of talks with officials. >> we do no
as country in the eu, the german role is very important here. why not 2023, for example, the 100's anniversary of the turkish republic. >> the turkish economy remains robust and is forecasted to grow by 3% this year. the more they prosper, the more they're beginning to fear that perhaps they do not need europe after all. even without the membership, more than 4000 german companies are involved in turkey. germany is their largest trading partner by far. berlin's restrictive visa policies...
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Feb 14, 2013
02/13
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KCSMMHZ
tv
eye 47
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creates pressure for companies to change their place of business. >> but the eu commission says the 11 participating countries are trail blazers. it believes other countries will soon follow suit. one reason is it will bring in up to 35 billion euros in additional revenue each year. >> the financial transaction tax has high symbolic value for the 11 participating euro countries. their goal is to make over trading less attractive and to share costs with those who caused the financial crisis, the financial sector. >> the aftershocks of the financial crisis i definitely still with us. the latest data showed the eurozone economy sank deeper into recession at the end of last year. >> for the first time, it has hit germany hard. germany's economy contracted at its fastest pace since the worst days since the financial crisis. >> german exports are down, a sharper than expected drop in international demand for products made in germany caused europe's largest economy to get smaller in the final quarter of 2012. between october and december, germany's gross domestic product fell by 0.6%. ital
creates pressure for companies to change their place of business. >> but the eu commission says the 11 participating countries are trail blazers. it believes other countries will soon follow suit. one reason is it will bring in up to 35 billion euros in additional revenue each year. >> the financial transaction tax has high symbolic value for the 11 participating euro countries. their goal is to make over trading less attractive and to share costs with those who caused the financial...
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Feb 2, 2013
02/13
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KCSMMHZ
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. >> 1 trillion euros -- that's roughly how much the eu countries lose every year to tax evasion. brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially small and medium-size companies. >> it was a spectacular protest against italy's new tax laws. the owner of a small beach bar scaled the dome of st. peter's basilica in rome and stayed put for some 24 hours. when he climbed back down, he was greeted by a cheering crowd. [applause] >> i really hope this tax issue is resolved soon and our small businesses as well as the whole economy can pick up again, at least a little. >> the tax measures by italy's technocrat government under the prime minister are another weapon in the country's n
. >> 1 trillion euros -- that's roughly how much the eu countries lose every year to tax evasion. brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better...
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129
Feb 12, 2013
02/13
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CSPAN
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referendum or an eu budget cut? >> i am very grateful to my honorable friend for his support. it is absolutely right to say that the british parliament speaks clearly about these issues and is listened to carefully in the corridors of brussels. that is true. we should always respect the fact that it is to this parliament that prime ministers have to answer. >> what did other leaders say to the prime minister in the margins about a british referendum? does he believe that this budget deal makes the case for britain staying in europe stronger? >> i would say that the reaction that i have had to the speech i made a few weeks ago has been, on the whole, fairly positive, because people can see that it is not some simplistic argument about an immediate referendum -- it is a well-argued case, i would say, for how europe should reform and how we should secure britain's place within it. these discussions show that britain can get good deals done with partners in europe having made a speech on that subject. i think that actua
referendum or an eu budget cut? >> i am very grateful to my honorable friend for his support. it is absolutely right to say that the british parliament speaks clearly about these issues and is listened to carefully in the corridors of brussels. that is true. we should always respect the fact that it is to this parliament that prime ministers have to answer. >> what did other leaders say to the prime minister in the margins about a british referendum? does he believe that this budget...
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78
Feb 1, 2013
02/13
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LINKTV
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eye 78
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. >> 1 trillion euros -- that's roughly how much the eu countries lose every year to tax evasion. brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially small and medium-size companies. >> it was a spectacular protest against italy's new tax laws. the owner of a small beach bar scaled the dome of st. peter's basilica in rome and stayed put for some 24 hours. when he climbed back down, he was greeted by a cheering crowd. [applause] >> i really hope this tax issue is resolved soon and our small businesses as well as the whole economy can pick up again, at least a little. >> the tax measures by italy's technocrat government under the prime minister are another weapon in the country's n
. >> 1 trillion euros -- that's roughly how much the eu countries lose every year to tax evasion. brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better...
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Feb 18, 2013
02/13
by
KNTV
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eye 88
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/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution to become a star of america's >>> our entrepreneurs born or made? my next guest tells a remarkable story of innovation. she remade her own life, surviving a difficult youth in mao's china and american technology pioneer. king few is author of the memoir "bend not break." ping, great to have you on the program. thanks for joining us. >> so pleased to be here, maria. >> the memoir is actually a page turner. we were so looking forward to ha having you. it's been quite a journey. beginning with being sent to a labor camp at age 8 where you cared for
/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution...
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Feb 14, 2013
02/13
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KCSM
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eye 117
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after years of very little progress, the e appears to -- the eu appears to have an ally in what has. >> president obama announced the start of trade negotiations on a trade deal. brussels said talks could begin before summer. if successful, those negotiations would result in the biggest financial trade deal ever. >> the eu and u.s. already trade some 2 billion euros worth of goods and services every day. about 1/3 of total global commerce. president obama wants to bring that commerce into what would be the world's biggest free trade zone. the european commission says that would have world wide applications. >> which translates into tens of billions of euros every year and tens of thousands of new jobs. this offers us a great perspective at a time when we are gradually making our way to recovery. most important of all, it is a boost to our economies that does not cost 1 cent of taxpayer money. >> both sides stand to benefit. economists to warn that negotiations will be tough. the eu and washington disagree on issues ranging from industrial trade barriers and agricultural standards to
after years of very little progress, the e appears to -- the eu appears to have an ally in what has. >> president obama announced the start of trade negotiations on a trade deal. brussels said talks could begin before summer. if successful, those negotiations would result in the biggest financial trade deal ever. >> the eu and u.s. already trade some 2 billion euros worth of goods and services every day. about 1/3 of total global commerce. president obama wants to bring that...
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195
Feb 9, 2013
02/13
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LINKTV
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eu leaders agree to cut the european budget for the first time. and at the berlin film festival, a screening for promised land starring matt damon. emergency services are on alert along the east coast of the united states. a massive blissrd has knocked out power to more than half a million households and led to the shutdown of at least one nuclear plant. massachusetts officials have urged people to avoid unnecessary travel. the governor has issued a driving ban to keep roads free for rescue and clearing vehicles. meteorologists gave plenty of warning but the storm has dumped so much snow people are still struggling to cope. >> new york's la guarda was only one of many airports that were badly hit with thousands of flights canceled. day-to-day life has all but ground to a halt on the east coast. >> i'm going to declare a state of emergency east coastive this afternoon. which gives the state more flexibility and local governments more flexibility in dealing with this situation. >> in some places, snow has been falling at a rate of 10 centimeters an
eu leaders agree to cut the european budget for the first time. and at the berlin film festival, a screening for promised land starring matt damon. emergency services are on alert along the east coast of the united states. a massive blissrd has knocked out power to more than half a million households and led to the shutdown of at least one nuclear plant. massachusetts officials have urged people to avoid unnecessary travel. the governor has issued a driving ban to keep roads free for rescue and...
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89
Feb 17, 2013
02/13
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KQED
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eye 89
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eu trade pac would have to be approved by the eu's 27 member states and by the u.s. congress. question how likely is a u.s. eu free trade agreement by next year. mort? >> highly likely. it is such a game changer everybody will realize what an enormous benefit it is. there are going to be regulatory problems we have to work out with the common market, agricultural issues as you suggested here but ultimately, it is such a plus for both sides that this is going to go through. won't be easy but it will get done. >> is my recollection correct that you predicted this on this program what three or four weeks ago? >> yes several weeks ago. that's right. >> did you have insider information on this? >> yes, i did. >> who did you talk to? >> i'll get back to you on that. >> why don't you get back to us right now. did you talk to the brits? >> i'm not in a position to talk about how i got it. i found out we were doing this. >> do you realize how huge this deal would be? >> yes, it is an absolutely constructive steps for both sides i don't no it is not. >> why? >> i'll tell you why. mort,
eu trade pac would have to be approved by the eu's 27 member states and by the u.s. congress. question how likely is a u.s. eu free trade agreement by next year. mort? >> highly likely. it is such a game changer everybody will realize what an enormous benefit it is. there are going to be regulatory problems we have to work out with the common market, agricultural issues as you suggested here but ultimately, it is such a plus for both sides that this is going to go through. won't be easy...
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Feb 18, 2013
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/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution to become a star of america's [ male announcer ] pillsbury grands biscuits. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. faster than mandy can hang up on mr. monday. you hang up first. [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. [ ringing ] it's on. let's roll. >>> our entrepreneurs born or made? my next guest tells a remarkable story o
/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution...
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Feb 18, 2013
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/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. >> thanks. >> tony fratto, michael beschloss joining us. >>> up next "on the money," the entrepreneur who became china's consult cultural revolution to become a star of america's capitalism. ping fu will join me. >> this is a 3d printed shoe. [ indistinct conversations ] [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> are entrepreneurs born or made? my next guest tells a remarkable story
/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. >> thanks. >> tony fratto, michael beschloss joining us. >>> up next "on the money," the...
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Feb 28, 2013
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france, right all eu countries, is in a crisis and needs new markets. >> is another of hollande -- that is another of hollande's priorities on this visit. >> in germany, the man who wants to replace angela merkel as chancellor in september is in hot water over italy's e -- election. >> he spoke of the near winners as clowns. one of them, beppe grillo, is a comedian, so he might not be that defended -- offended. >> the other is silvio berlusconi. he is a two-time former prime minister. >> the italian president's state visit to germany has been overshadowed by the diplomatic incident created by peer steinbrueck. italy and germany would continue to work together, despite occasional irritations. >tuesday, peer steinbrueck referred to a delete's former prime minister -- to italy's former prime minister as a clown. >> when one talks about things concerning another friendly, allied country, and about the result of a free election, one must be well balanced in his choice of words. >> he would not be drawn into the matter. >> i do not wish to comment. some statements are sufficient in themselves
france, right all eu countries, is in a crisis and needs new markets. >> is another of hollande -- that is another of hollande's priorities on this visit. >> in germany, the man who wants to replace angela merkel as chancellor in september is in hot water over italy's e -- election. >> he spoke of the near winners as clowns. one of them, beppe grillo, is a comedian, so he might not be that defended -- offended. >> the other is silvio berlusconi. he is a two-time former...
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Feb 13, 2013
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dna testing across the eu. bute, used on horses, but should not be in the human food chain. not be in the human food chain. right across europe, to get to the bottom of this problem. bottom of this problem. marked "beef", and finding it contains horse. contains horse. got this meetinging pulled together at short notice today. at short notice today. come forward with proposelia that is we wanted. is we wanted. products, that will help reassure the consumer. the consumer. informed about what we are all eating. eating. romania is to blame for some of the adulterated meat products. adulterated meat products. confidence about how horsemeat is produced in his country. produced in his country. everything was according to the standards. standards. companies involved, and to rebuild the trust of the european consumers. the trust of the european consumers. the european system clearly isn't working? working? that means that the european procedures have worked. procedures have worked. that there are frauds in many other issues, not only in in this field. issues, not only in in this field. procedu
dna testing across the eu. bute, used on horses, but should not be in the human food chain. not be in the human food chain. right across europe, to get to the bottom of this problem. bottom of this problem. marked "beef", and finding it contains horse. contains horse. got this meetinging pulled together at short notice today. at short notice today. come forward with proposelia that is we wanted. is we wanted. products, that will help reassure the consumer. the consumer. informed about...
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Feb 18, 2013
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most eu countries including eu and france support bonus curves holing banks to a one to one bonuses salary ratio. the newspaper says the uk has suggested an alternative proposal that bans cash bonuses exceeding salaries. but still, a pretty extraordinary development as it moves forward the. >> yeah. meanwhile, being a part of europe, for most britains, a new poll reveals that only one in three british citizens would vote to stay in the eu. the conservative ruling british government last night promised to hold a referendum on the matter in 2017. and the troubles amounting to the spanish flagship airline iberia is likely to cause widespread chaos and cost the airline millions. the strike begins tonight. 70,000 passengers are likely to be affected, piling further pressure on the nation's already struggling tourist industry. iberia report a loss of 25 2 million euros during the first nine months of 2012. >>> francesca is still with us. we want to get your thoughts on a km of themes here. i know we've been talking about the eu, we've did you discussed how you see the euro special being a headwi
most eu countries including eu and france support bonus curves holing banks to a one to one bonuses salary ratio. the newspaper says the uk has suggested an alternative proposal that bans cash bonuses exceeding salaries. but still, a pretty extraordinary development as it moves forward the. >> yeah. meanwhile, being a part of europe, for most britains, a new poll reveals that only one in three british citizens would vote to stay in the eu. the conservative ruling british government last...
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Feb 22, 2013
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we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back markets in italy. hans, as we edge closer to that event, polls open sunday and they close on monday. we've seen the two-day sell off. is it related to the outcome here? >> well, i think the italian election has had an impact on market performance for the past few weeks. i guess that markets became much more cautious in investing in the debt market in italy and maybe as well as the debt market in spain, the cause of the potential inflation risk here. now, if we are getting an election result which markets may like, then the very clear majority left and under those circums
we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back...
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Feb 27, 2013
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. >> the agenda for his talks today also included plans for a free-trade agreement between the eu and the u.s. kerry also took time out of his schedule to meet with young people in the german capital. >> security lock down as john kerry returned to the city he once called home. the first stop on the visit was for a chat with young berliners. discussions of a different kind with the chancellor. high on their agenda -- foreign policy and the economy, but first these comments on the relationship with the u.s. >> i record a great deal of importance to transatlantic ties. we do not just have common values. we also face common tasks. >> a number of these challenges were discussed at an earlier meeting with kerry's german counterpart. first and foremost, the plans for a new free trade deal between the u.s. and europe. >> germany is our largest trade partner in europe, and we want to see even more trade and investment that will create jobs -- jobs for -- jobs for germans, for americans, for all europeans. >> negotiations are set to begin within months, and i of the two sides managed to overco
. >> the agenda for his talks today also included plans for a free-trade agreement between the eu and the u.s. kerry also took time out of his schedule to meet with young people in the german capital. >> security lock down as john kerry returned to the city he once called home. the first stop on the visit was for a chat with young berliners. discussions of a different kind with the chancellor. high on their agenda -- foreign policy and the economy, but first these comments on the...
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. >> now we go into a full eu heads of state summit. it will be interesting to see if that theory about the euro gains further traction. >> let's roll out the red carpet and watch for the arrivals. thanks, simon. let's get to rick santelli in chicago, where we're still talking about your punch bowl this morning, rick. >>> i'll tell you what, it never ceases to amaze me where somebody like mr. rubin could say nobody could have nope, and yet the government singles out s&p. there's more to this story, or maybe there isn't. like i said, you can't fight city hall. one guy always fighting the battle keeping us informed about what may or may not be happening in europe is mark brand, southwest securities. mark, you were just listening to mr. draghi, and many of your comments, along with many traders on this floor, everyone was wondering when a big salvo to lower the value of the euro will be emanating from europe to keep up with the japanese. has that day arrived? >> no, the day hasn't arrived ye. i'll tell you what has arrived. the way the eu
. >> now we go into a full eu heads of state summit. it will be interesting to see if that theory about the euro gains further traction. >> let's roll out the red carpet and watch for the arrivals. thanks, simon. let's get to rick santelli in chicago, where we're still talking about your punch bowl this morning, rick. >>> i'll tell you what, it never ceases to amaze me where somebody like mr. rubin could say nobody could have nope, and yet the government singles out...
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Feb 21, 2013
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. >> angela merkel says all eu member states must cut costs. two weeks ago, the chancellor and british prime minister david cameron went out in brussels securing an eu budget cut of around 3%. now merkel has defended that decision. she says the crisis means everyone has to save. >> i will say it quite plainly -- it would have been hard to explain to people in europe, both to the states hit by the crisis and those bearing the bulk of the burden of solidarity why everyone in europe has to say except for europe itself. >> but the opposition disagrees. social democrats' candidate for chancellor peer steinbrueck says merkel advocates too much austerity and too little investment. he also accused merkel of making common cause with europe's foes. >> you've made an unholy alliance with no sense of perspective. and with a leader david cameron who may want to leave the you. it is a strange alliance if your aim is to safeguard europe's future for the days to come. >> strong stuff, but the opposition is the least of pass the budget draft.elelelel'o merkel's
. >> angela merkel says all eu member states must cut costs. two weeks ago, the chancellor and british prime minister david cameron went out in brussels securing an eu budget cut of around 3%. now merkel has defended that decision. she says the crisis means everyone has to save. >> i will say it quite plainly -- it would have been hard to explain to people in europe, both to the states hit by the crisis and those bearing the bulk of the burden of solidarity why everyone in europe...
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. >> british prime minister david cameron wants the eu to mend what he sees as its wasteful ways. he made his point by arriving on foot, not in a chauffeur-driven limousine. he went into the talks in a bullish mood. >> the numbers that were put forward were much too high. they need to come down, and if they do not, a to be a done deal. >> that puts him on a collision course with many other eu leaders who argue the block needs a $1 trillion budget to fight unemployment, fund education and training and invest in the future. >> i of europe goes for compromise at any cost and puts common policies, agriculture, and growth at risk as a result, i will oppose it. >> with opinions so clearly divided, german chancellor angela merkel was keen to play down the differences and talk up the prospects of reaching agreement. >> the starting positions are quite far apart. but speaking for germany, i say we will do everything we can to come to an agreement. because in times of uncertainty and high unemployment, it is essential for people to be able to plan their future. >> it is about politics, not
. >> british prime minister david cameron wants the eu to mend what he sees as its wasteful ways. he made his point by arriving on foot, not in a chauffeur-driven limousine. he went into the talks in a bullish mood. >> the numbers that were put forward were much too high. they need to come down, and if they do not, a to be a done deal. >> that puts him on a collision course with many other eu leaders who argue the block needs a $1 trillion budget to fight unemployment, fund...
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. >> the eu, we are very tight with regulators in the eu and will be very supportive of this transaction. all about building europe wide scale pan-european scale like that strategy. and we don't operate in the uk today, so there is no overlap or relax our diminishing of competition, just an extension of business into a new market. our opinion that there will be very supportive, a quick review, no regulatory hurdles. liz: hitting a lot of attention, but are you prepared for a counterbid from another company? and not saying that that can happen, but are you ready? i am assuming you anticipate that all the time. >> we never say never, but we do not think their is a high likelihood. i would be surprised if that happened but you never know. liz: i get that now is a better time than before. people can question that all they want, but you have to do what is right for your company. looking to the reality of the deal, where specifically do you anticipate finding savings? >> well, first of all, with respect to the timing, you know, we don't get to predict that all the time. our stock is up as well
. >> the eu, we are very tight with regulators in the eu and will be very supportive of this transaction. all about building europe wide scale pan-european scale like that strategy. and we don't operate in the uk today, so there is no overlap or relax our diminishing of competition, just an extension of business into a new market. our opinion that there will be very supportive, a quick review, no regulatory hurdles. liz: hitting a lot of attention, but are you prepared for a counterbid...
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it's not automatic because it still needs be effectively signed off by eu heads of state or eu finance ministers. as it's laid out, the european parliament in conjunction has decided this is what's going to happen. it is the far restricted cap on bonuses in the banking sector anywhere in the world. >> and london can't opt out, it sounds like. >> though. >> so if this moves forward -- i don't know what other levage, at a time when the uk is talking about renegotiating its rip with the european union. this seems like one area where it comes into focus. >> and it still has to be officially signed off. but at the moment, that's what's laid out. >> i just wonder if mayor bloomberg in new york is going, yeah, go ahead, guys. guys, if you want your bonus, you can come right over here. >> they're all looking at this thinking, this is good for pus. >> the other story we're following this morning is the sequester. fitch has said it could prompt negative ratings action. not because of the sequester itself necessarily, but because of the politics and the way it was handled. head to cnbc.com to rea
it's not automatic because it still needs be effectively signed off by eu heads of state or eu finance ministers. as it's laid out, the european parliament in conjunction has decided this is what's going to happen. it is the far restricted cap on bonuses in the banking sector anywhere in the world. >> and london can't opt out, it sounds like. >> though. >> so if this moves forward -- i don't know what other levage, at a time when the uk is talking about renegotiating its rip...
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connell: eu ambassador to the u.s., thanks a lot. dagen: jack lew's confirmation hearing underway. he is facing some heavy scrutiny for his time spent. connell: rich edson is following this for us on capitol hill. rich: president obama pointed out that romney's time as a banker. all of that. also, jack lew's pay at citibank. >> in 2008 i was in employee in the private sector. i was compensated for by work. i will leave for others to judge. rich: that is something that republicans are calling hypocrisy. jack lew is saying he would like to get both individual and business tax reform done. republicans have been floating at the corporate side at 25%. it would be challenging to get there. he would like to, on the individual side, raise some revenue. he says he is looking forward to working with lawmakers on overhauling both the individual and corporate tax codes. something that will probably take an awful long time here. dagen: thank you. rich edson in washington. connell: we have charlie rangel coming up. you probably heard the president talking about a higher animal wage. we will hear
connell: eu ambassador to the u.s., thanks a lot. dagen: jack lew's confirmation hearing underway. he is facing some heavy scrutiny for his time spent. connell: rich edson is following this for us on capitol hill. rich: president obama pointed out that romney's time as a banker. all of that. also, jack lew's pay at citibank. >> in 2008 i was in employee in the private sector. i was compensated for by work. i will leave for others to judge. rich: that is something that republicans are...